China's Economy Shaky: Output, Sales Fall Despite Record Trade Surplus

• China's economy remains shaky despite a record $1 trillion trade surplus in November.
• Key indicators like factory output, retail sales, and fixed asset investment have fallen.
• Factory deflation has persisted for 38 consecutive months, indicating falling prices for goods produced.
• Weak domestic demand is evident across sectors, including falling auto sales and slower Singles' Day growth.
• Declining home prices and persistent overcapacity raise concerns about potential layoffs and recession.

Why It Matters: Weak Chinese economy threatens global stability and supply chains.